Marijuana Company Curaleaf Looking For $4 Billion Valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis firm, is seeking a valuation of up to $4 billion.

According to Bloomberg, the company entered into a reverse takeover when Canada’s Ventures combined with PalliaTech in August and changed its name to Curaleaf.

The company plans to offer subscription receipts – which can be exchanged for common shares once the business goes public – at 8.56 to 11.47 Canadian dollars ($6.57-$8.81) per initial receipt. The range for the receipts relies on a diluted equity valuation of $3 billion to $4 billion.

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